Print news headed downhill
Anchorage Daily News building
The Anchorage Daily News, Alaska’s largest newspaper, says it will cut 45 jobs from its payroll, about 17 percent of the staff.
The Anchorage Daily News is owned by McClatchy, one of the United States’ largest media conglomerates. CNN.com wasn’t kidding in its headline “Bad News Days for Newspaper Biz.”
Daily News details
Publisher Patrick Doyle announced the cuts today, and said the 45 positions would be eliminated through layoffs and leaving some unfilled jobs vacant.
Doyle also said in his letter that some remaining staffers would get wage cuts.
McClatchy’s big plan
McClatchy’s overall budget plan includes cutting $110 million in spending. The company is suffering because of declining advertising revenue. Short term loans don’t appear to be a good option for the company, which has been losing revenue since before the recession.
McClatchy is plans to cut 15 percent of its total workforce, which will amount to slashing about 1,600 jobs. ... click here to read the rest of the article titled "Anchorage Daily News to Eliminate 45 Positions"
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